V2X Cybersecurity Market Projected to Hit $5.7 Billion by 2031 | Allied Market Research
Allied Market Research recently published a report, "V2X Cybersecurity Market by Unit Type (On-Board Unit, Roadside Unit), by Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), by Propulsion Type (ICE, Electric and Hybrid, Others), by Communication (Vehicle-To-Vehicle, Vehicle-To-Infrastructure, Vehicle-To-Grid, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global V2X Cybersecurity market size is predicted to garner a revenue of $5.7 billion by 2031. The market was valued at $0.72 billion in 2021 and is forecasted to rise at a CAGR of 21.6% during the 2022-2031 period. The report provides a comprehensive study of evolving market trends, major investment pockets, and the competitive landscape of the industry.โก๏ธ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/12654
The prominent key factors that drive the growth of the V2X cybersecurity market are increase in cybersecurity mandates, advancement in Cellular-V2X (C-V2X) technology, and growing automotive cybersecurity threat. The increasing adoption of V2X technology in vehicle generates large amount of data related to vehicle, which encourages hackers to threat the security and safety of connected vehicles infrastructure. The hackers can manipulate data transmission that can weaken real-life safety. The successful attempts to attacks on communication and V2X infrastructure can impact all endpoints that potentially lead to danger. Owing to all these factors, the demand for V2X cybersecurity has seen significant growth in recent years.
๐๐๐ ๐๐ฒ๐๐๐ซ๐ฌ๐๐๐ฎ๐ซ๐ข๐ญ๐ฒ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ:
Altran
APTIV
AUTOCRYPT Co., Ltd.
Autotalks Ltd.
Continental AG
ESCRYPT
Green Hills Software LLC.
HARMAN International
ID Quantique SA
Infineon Technologies AG
Karamba Security
NXP Semiconductors
Qualcomm Technologies, Inc.
SafeRide Technologies
Vector Informatik GmbH
๐๐๐ฃ๐จ๐ซ ๐๐๐ญ๐๐ซ๐ฆ๐ข๐ง๐๐ง๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก
The growth of the global V2X cybersecurity market is attributed to the developments in cellular-V2X technology is anticipated to be the primary driver of the market. Moreover, growth in cybersecurity mandates and a rise in threats associated with automotive cybersecurity might push the growth rate of the market. On the contrary, high implementation costs of V2X cybersecurity solutions might restrict the growth of the market. Nevertheless, growing demand for vehicle security using adaptive security is expected to open up new growth opportunities in the market.
๐๐ก๐ ๐จ๐ง-๐๐จ๐๐ซ๐ ๐ฎ๐ง๐ข๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐ ๐ญ๐ก๐ ๐ฆ๐จ๐ฌ๐ญ ๐ฉ๐ซ๐จ๐๐ข๐ญ๐๐๐ฅ๐ ๐๐ฒ ๐๐๐๐
Based on unit type, the on-board unit segment accounted for the highest market share in 2021 with around three-fifths of the total market revenue. Moreover, the segment is predicted to demonstrate the fastest CAGR of 21.9% during the 2022-2031 period. Rising adoption of advanced drive assist systems (ADAS) is anticipated to propel the market ahead.
๐๐ก๐ ๐ฅ๐ข๐ ๐ก๐ญ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ง๐ข๐๐๐ฌ๐ญ ๐ญ๐ก๐ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐๐๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐๐๐๐
Based on vehicle type, the light commercial vehicle segment is likely to showcase a CAGR of 22.3% during the analysis timeframe. Widespread adoption of V2X technology by various light commercial vehicles to establish communication between vehicles and the transportation infrastructure is estimated to push the segment ahead. On the other hand, the passenger car segment is projected to gather the highest revenue in 2021 with around two-thirds of the total revenue. Escalating demand for semi-autonomous cars is predicted to play a huge role in the industry's rise.
โก๏ธ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ - https://www.alliedmarketresearch.com/v2x-cybersecurity-market/purchase-options
๐๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ง๐ ๐ก๐ฒ๐๐ซ๐ข๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ก๐๐ฅ๐ ๐ญ๐ก๐ ๐ฅ๐ข๐จ๐ง'๐ฌ ๐ฌ๐ก๐๐ซ๐
Based on propulsion type, the electric and hybrid segment accounted for the largest market share in 2021 with nearly half of the total revenue. Rising adoption of fuel-efficient and high-performance vehicles owing to stringent government legislations will help the market to expand. On the other hand, the ICE segment is estimated to demonstrate the fastest CAGR of 23.6% during the analysis timeframe. Widespread adoption of V2X and ADAS technologies might widen the scope of the market.
๐๐ก๐ ๐ฏ๐๐ก๐ข๐๐ฅ๐-๐ญ๐จ-๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฌ๐ก๐จ๐ฐ๐๐๐ฌ๐ ๐ญ๐ก๐ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐๐๐ ๐๐ฒ ๐๐๐๐
Based on communication, the vehicle-to-vehicle segment is predicted to have the fastest CAGR of 22.9% during the analysis timeframe. Additionally, the segment accounted for the highest market share in 2021 with around one-third of the total share. Growing adoption of vehicle-to-vehicle communication for enhancing traffic management is expected to propel the segment's rise.
โก๏ธ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/12654
๐๐ฎ๐ซ๐จ๐ฉ๐ ๐ก๐๐ฅ๐ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฌ๐ก๐๐ซ๐
Based on region, the Europe V2X cybersecurity market generated the maximum revenue in 2021 with around one-third of the total share. Moreover, the same region is anticipated to rise at a CAGR of 23.0% during the analysis timeframe. Extensive use of telematics & GNSS in fleet management services is expected to strengthen the position of the market.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐ฒ๐๐๐ซ๐ฌ๐๐๐ฎ๐ซ๐ข๐ญ๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/automotive-cyber-security-market-A08901 - Automotive Cybersecurity Market : Global Opportunity Analysis and Industry Forecast, 2021-2030
https://www.alliedmarketresearch.com/railway-cybersecurity-market-A12189 - Railway Cybersecurity Market : Global Opportunity Analysis and Industry Forecast, 2021-2030
https://www.alliedmarketresearch.com/military-sensors-cybersecurity-solutions-market-A10355 - Military Sensors Cybersecurity Solutions Market : Global Opportunity Analysis and Industry Forecast, 2023-2032
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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